there are a few clones of social media sites like https://orbis.club/, there are others that are like reddit or similar but I don't remember their urls.
As other commenter mentioned below, "web3" is mostly storing transactional info into a blockchain and then linking stuff to ipfs + some layer on top to display this.
For example that orbis site, indexes/caches the data in the bc to be able to display it as per their use case. So the only real difference is that the "tweets" are not owned by them but by each user. For anything else it's still a normal web app.
I don't know how this works legally, but there was a link from Vitalik's blog a few days ago explaining this. Say if a user uploads CP or some other illegal/offensive content the site can hide it but can't delete it. I'm not sure where liability would fall on here.
Similar, the case with Twitter blocking Trump a few years ago, maybe another site could still allow him to continue if they wish to do so by displaying the same content
I guess there are more use cases that distill from here, not sure how beneficial they are or might be, and just as many things in technology it is not 100% neccessary that the solution is better than something that already exists, it just needs to get traction and attract people/investment. Whether that happens with web3 is just to be seen I suppose.
Also descentralised exchanges are things coming up, but this gets even muddier with all the compliance requirements so not sure where those will end up
As other commenter mentioned below, "web3" is mostly storing transactional info into a blockchain and then linking stuff to ipfs + some layer on top to display this. For example that orbis site, indexes/caches the data in the bc to be able to display it as per their use case. So the only real difference is that the "tweets" are not owned by them but by each user. For anything else it's still a normal web app.
I don't know how this works legally, but there was a link from Vitalik's blog a few days ago explaining this. Say if a user uploads CP or some other illegal/offensive content the site can hide it but can't delete it. I'm not sure where liability would fall on here.
Similar, the case with Twitter blocking Trump a few years ago, maybe another site could still allow him to continue if they wish to do so by displaying the same content
I guess there are more use cases that distill from here, not sure how beneficial they are or might be, and just as many things in technology it is not 100% neccessary that the solution is better than something that already exists, it just needs to get traction and attract people/investment. Whether that happens with web3 is just to be seen I suppose.
Also descentralised exchanges are things coming up, but this gets even muddier with all the compliance requirements so not sure where those will end up